Rental property is undoubtedly one of the most stable investment options. This explains why it is a retiree’s dream investment vehicle given that even if you don’t do much, you can be assured of steady rental income every single month. All you need to do is to maintain the property well to ensure it is in a good condition, then market it to new tenants whenever there is a vacancy and you are good to go.
This doesn’t mean that rental property is only meant for retirees; even if you are in your 20s, if you invest in rental property, you can be assured of a steady income for the rest of your life. But while any rental property is a potential cash cow, the truth is that tenants are complicated; you could have tenants from hell who don’t pay rent as agreed, who leave your property in a mess, who don’t want to follow various rules within the tenancy agreement and much more. This can make owning rental property a living nightmare for you as a landlord.
However, it doesn’t have to be that way. What can you do about it?
Well, you could join the section 8 housing scheme to mitigate many of the risks that come with rental property. What you need to understand however is that a good number of landlords who apply have their applications rejected for not fulfilling the requirements of the program. This means you just don’t enroll your property for the program just because you cannot attract tenants or are having problems with your tenants!
Lucky for you, this book has all the information you need to help you throughout the process of enrolling your property for the section 8 rental program.
In this book, you will discover:
- What the section 8 rental housing program is, as well as what it entails
- Why you should become a section 8 landlord
- Your responsibilities as a section 8 landlord